Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 23.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,754 shares of the company's stock after acquiring an additional 107,296 shares during the period. Teacher Retirement System of Texas owned approximately 0.16% of Tyson Foods worth $36,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the 4th quarter worth about $25,000. Curat Global LLC purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $28,000. SRS Capital Advisors Inc. grew its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after buying an additional 229 shares during the last quarter. Ossiam grew its stake in shares of Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC raised its holdings in shares of Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on TSN shares. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Citigroup boosted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Finally, Stephens decreased their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.11.

Tyson Foods Stock Down 0.9%

TSN stock traded down $0.52 on Friday, hitting $56.93. 1,483,645 shares of the company's stock were exchanged, compared to its average volume of 2,435,509. The firm has a 50 day moving average price of $56.21 and a two-hundred day moving average price of $58.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. Tyson Foods, Inc. has a 12-month low of $54.01 and a 12-month high of $66.88. The stock has a market cap of $20.28 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company's revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. Tyson Foods's dividend payout ratio is currently 77.82%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.